LTC Cash Voucher Scheme 2020 PDF

LTC Cash Voucher Scheme 2020 PDF Download

LTC Cash Voucher Scheme 2020 PDF download link is available below in the article, download PDF of LTC Cash Voucher Scheme 2020 using the direct link given at the bottom of content.

7 People Like This

LTC Cash Voucher Scheme 2020 PDF

LTC Cash Voucher Scheme 2020 PDF Download for free using the direct download link given at the bottom of this article.

Proposals to stimulate consumer spending has two components

  • LTC Cash Voucher Scheme
  • Special Festival Advance Scheme

1A) LTC Cash Voucher Scheme

Under LTC Cash Voucher Scheme, government employees can opt to receive cash amounting to leave encashment + 3 times the ticket fare, to buy something of their choice. The items bought should be those attracting GST of 12% or more. Only digital transactions are allowed, GST Invoice to be produced.

The biggest incentive for employees to avail the LTC Cash Voucher Scheme is that in a four-year block ending in 2021, the LTC not availed will lapse, instead, this will encourage employees to avail of this facility to buy goods which can help their families.

Estimated cost of LTC Cash Voucher Scheme: For Central govt. : ₹ 5,675 crore; for PSBs & PSUs: ₹ 1,900 crore.

Tax concessions for LTC tickets available for state govt. & private sector too, if they choose to give such facility, these employees too can benefit

Indications are the savings of govt. and organized sector employees have increased, we want to incentivize such people to boost demand for the benefit of the less fortunate. On a conservative basis, we expect the LTC Cash Voucher Scheme to generate additional consumer demand in the range of ₹ 28,000 crores.

1B) Special Festival Advance Scheme

Special Festival Advance Scheme which was meant for non-gazetted government employees is being revived as a one-time measure, for gazetted employees too. All central govt. employees can now get an interest-free advance of Rs. 10,000, in the form of a prepaid RuPay Card, to be spent by March 31, 2021.

The one-time disbursement of the Special Festival Advance Scheme is expected to amount to Rs. 4,000 crore; if given by all state governments, another Rs. 8,000 crores is expected to be disbursed. Employees can spend this on any festival.

2) Measures to Stimulate Capital Expenditure

2A) Capital Expenditure Boost for States

A special interest-free 50-year loan to states is being issued, for ₹ 12,000 crore capital expenditure

  • ₹ 200 crores each for 8 North-East states
  • ₹ 450 crores each Uttarakhand, Himachal
  • ₹ 7,500 crores for remaining states, as per share of Finance Commission’s devolution

All the above interest-free loans given to states are to be spent by March 31, 2021; 50% will be given initially, remaining upon utilization of the first 50%.

Under Part 3 of ₹ 12,000 crore interest-free loans to states, ₹ 2,000 crores will be given to those states which fulfill at least 3 out of 4 reforms spelled out in Aatma Nirbhar Bharat package. This is over and above other borrowing ceilings.

Capital expenditure – money spent on infrastructure and asset creation – has a multiplier effect on the economy, it not only improves current GDP but also future GDP, we want to give a new thrust to capital expenditure of both states and the Centre.

2B) Capital Expenditure Boost for the Centre

An additional budget of ₹ 25,000 crores (in addition to ₹ 4.13 lakh crore given in Budget 2020-‘21) is being provided for capital expenditure on roads, defense, water supply, urban development, and domestically produced capital equipment.

The proposals to stimulate demand are designed to stimulate demand in a fiscally prudent way – some of them involve advancing of expenditure, with offsetting changes later – others are directly linked to increasing GDP

For more details download the LTC Cash Voucher Scheme 2020 in PDF format using the link given below.

Also Check

LTC Cash Voucher Scheme Order 2020

LTC Cash Voucher Scheme 2020 PDF - 2nd Page
LTC Cash Voucher Scheme 2020 PDF - PAGE 2
PDF's Related to LTC Cash Voucher Scheme 2020

LTC Cash Voucher Scheme 2020 PDF Download Link

REPORT THISIf the purchase / download link of LTC Cash Voucher Scheme 2020 PDF is not working or you feel any other problem with it, please REPORT IT by selecting the appropriate action such as copyright material / promotion content / link is broken etc. If LTC Cash Voucher Scheme 2020 is a copyright material we will not be providing its PDF or any source for downloading at any cost.


One thought on “LTC Cash Voucher Scheme 2020

  1. I am working woman (Government employee) and my husband’s income is 500,000 per annum. He is employee in private sector. I have two child blow age of 18. Is my husband is eligible for the scheme. Is he considered as dependent ? OR I will get benefit only for thee person (me and my two chinld)

Leave a Reply

Your email address will not be published. Required fields are marked *